Datasonic Group is set for uptrend reversal as it broke above the MYR0.48 consolidation level on stronger trading volume yesterday – printing a “White Marubozu” bullish candlestick amid forming a “higher high” bullish structure. The bullish trend above that level may result in the stock heading towards the next resistance of MYR0.535 – the high of 13 Jun – then MYR0.585 or the high of 8 Jun. If it falls below the support level of MYR0.45, the stock may trend downwards, dropping below the average line.
Source: RHB Securities Research - 22 Jul 2022
Chart | Stock Name | Last | Change | Volume |
---|